Industry Notes
December 5, 2023
Last Wednesday (11/29), Celestica (CLS; $26.96; NR) hosted a virtual Investor Meeting that we think provided additional support for the idea that electronics manufacturing services (EMS) providers are in a much better secular position for…
November 28, 2023
We checked retail prices on “Cyber Monday” (11/27) for hard disk drives (HDDs) and solid-state drives (SSDs), which we measure on a Dollar per Gigabyte basis ($/GB), for the first time since November of last…
November 28, 2023
On “Cyber Monday” (11/27), we checked prices on a number of popular full-HD (1080p) and 4K Ultra High Definition (UHD 2160p) LCD TV models from LG, Samsung and Vizio by pulling publicly available prices from…
November 21, 2023
This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of October, which again was somewhat above seasonal trends. Specifically, European vehicle registrations in October (~20% of global…
November 14, 2023
Our latest look at aggregate inventories up and down the supply chain showed some further progress towards a return of more normalized levels, albeit within the context of what now looks like a heightened corporate…
November 3, 2023
Yesterday, Lyft (LYFT; $9.94; E/W) and Uber Technologies (UBER; $46.48; O/P) each announced an agreement with the New York State Attorney General’s office to set a minimum wage standard for rideshare drivers, while maintaining that…
October 20, 2023
This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of September. Specifically, European vehicle registrations increased 29% MoM (~20% of global demand), which was below our calculation…
October 13, 2023
We expect Q3 EPS season to provide support for the idea that a cyclical bottoming process is generally taking shape across the tech supply chain, although we continue to warn that the slope of any…
September 20, 2023
This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of August, which was well ahead of seasonal trends. Specifically, European vehicle registrations (~20% of global demand) in…
August 30, 2023
This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of July, which was modestly below seasonal trends. Specifically, European vehicle registrations in July (~20% of global demand)…
August 17, 2023
Our latest look at aggregate inventories up and down the supply chain, across OEMs, component makers, electronics manufacturing service (EMS) providers and distributors (27 companies with $82B in annual inventories ex-Apple at the end of…
August 11, 2023
Yesterday (8/10), the California Public Utilities Commission voted in favor of allowing General Motors’ (GM; $33.86; NR) Cruise and Alphabet’s (GOOGL; $129.24; NR) Waymo to offer paid Automated Mobility on Demand (AMoD) rides in autonomous…
August 9, 2023
We continue to see net positive indicators that bode well for battery electric vehicle (BEV) charger demand, especially when it comes to direct current (DC) fast chargers, which should further benefit the prospects for ChargePoint…
July 19, 2023
This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of June, which we think furthers the idea that auto supply chains are becoming more predictable. Specifically, European…
July 13, 2023
We expect Q2 EPS season from our tech supply chain coverage to highlight a return of more traditional summer seasonal pressures we think are not fully reflected in the Street’s Q3E estimates in many instances. This…